The Federal Reserve Bank of St. Louis recently updated its External LinkCommunity Investment Explorer, an interactive tool that aggregates investments into low- and moderate-income (LMI) communities. The 2019 update includes the ability to conduct county-level analysis.
Explorer draws on publicly available data from over 500,000 investment transactions through the Community Development Financial Institution, New Markets Tax Credit and Low-Income Housing Tax Credit programs.
Investments support a range of activities: from affordable housing, to commercial real estate development, to consumer and business lending and more. Collectively, these programs are responsible for several billion dollars of investment annually into LMI communities.
The views expressed are those of the authors and do not necessarily reflect the positions of the Federal Reserve Bank of Kansas City or the Federal Reserve System.